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Monday 17 March 2014

How To Set Up An Import Export Consulting Firm

By Jaclyn Hurley


Globalization has made it important for organizations to expand their areas of operation so that they can survive. Profit margins have dipped because of competition from small vendors. Large firms are taking their businesses to foreign countries to stay afloat. Most organizations are faced with many challenges when they are getting started in an unfamiliar territory. Some of the problems are expected include legal, linguistic and cultural issues. It is important to get help from an import export consulting firm when expanding your business.

Most businesses will experience problems that are related to regulations. This is because they lack the necessary knowledge. Consultants usually offer information that will allow you to make good decisions. They also give you insight. Most firms hire experts with a lot f experience. If you need to complement your services the consultant will help you to discover the perfect firms to invest in or acquire. Professionals also help you to penetrate a given market.

The services begin when you make that first meeting. Consultants will guide you when negotiating and when drawing up contracts. Other important details on equipment manufacturers, suppliers and the procedures to use when doing procurements are given. This will give you an edge and allow you to remain competitive.

Some business consultants specialize with linguistics. They guide you when getting into a market where the language is different from that which you are used to. These agencies are very important in the import and export industry because different populations use different languages. You need translation when it comes to designing web pages, contacts, marketing brochures among others.

It is expensive to hire a consultant. However, the returns on your business are much more than the cost of hiring the professional. Firms that are expanding their operations face many challenges. A good consultant will iron out issues related to tax, quotas, tariffs, as well as shipment. There are guidelines that you should follow to become a consultant. The first step is to acquire a bachelors degree. You are advised to major in areas such as finance, management or business administration.

You should concentrate on areas such as customs, exports, business law as well as banking and money. You should then study a foreign language. You should bear in mind that a career in the export and import business will favor someone who can speak a foreign language. You need to gain experience. You can start as an intern with a firm that has global operations. Look for internships that take you overseas and use the chance to learn as such as you can about the industry.

To gain experience you can also work with other firms that do consulting. Network with customers as well as other organizations in the industry. This is important because you will have a client base when you get started on your own company. When you feel that you have obtained the right knowledge you can now set up your firm.

It is easy to market yourself by getting in touch with previous clients and professionals in the industry. Another option is to organize informational seminars. A customs broker license also makes you marketable.




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